A Career in Taxation
Every year, the Chancellor of the Exchequer's Budget speech announces a multitude of changes affecting the tax affairs of companies and individuals (apart from the prices of petrol, alcohol and cigarettes). The Budget speech, plus ongoing reviews by the Revenue & Customs (formerly Inland Revenue) and various Parliamentary Committees, guarantee that things never stay the same for too long in the world of tax. Tax consultants are under constant pressure to ensure that the advice they are giving, to their clients or their company, is current and provides the best solution.
Chance to Specialise
Some people see tax as a specialist discipline in itself. However, there is a growing demand for high-quality tax advice in many areas which require genuine specialists e.g. mergers and acquisitions, or expatriate tax. It is worth noting that specialisation is an option, not a necessity. It is quite possible to be a successful generalist in corporate or personal tax, or a mixture of both.
Career Progression
The successful tax adviser is well placed to move into supervisory/managerial roles on or very soon after qualification. Many of today's accountancy firm partners are pure tax specialists, as more and more practices recognise the importance of providing this specialist service to their clients. Similarly, in industry, more senior roles are now filled by tax specialists as taxation becomes an important operational consideration for companies.
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